Obama’s Ship Of State Is Sinking

There are many more facts Obama does not want you to know than the 59 listed in this article. But perhaps the biggest fact is that while President Obama’s “Ship Of State” is sinking, he is furiously bailing water from the ocean into the ship. All things considered, this is an appropriate metaphor.

It’s not my fault

It would be a formidable task to document the number of times President Obama has blamed President George W. Bush for our poor economy. (See: Obama Blames Bush For Our Financial Crisis) To be clear, President Bush inherited a recession from President Clinton—not to mention at least a $1 trillion hit on our economy from the 9/11 attacks, Katrina, and more. Yet, unlike Obama, Bush took full responsibility and refused to blame Clinton for the “Bush Economy.”

President Reagan inherited an economy from President Carter that was, arguably, as bad as the economy Obama inherited, yet Reagan turned it into the longest peace-time continuous period of economic growth in U.S. history.

We, ultimately, hold each president responsible for the state of our economy and we should make no exception for President Obama. Our current economy is the Obama Economy—no excuses, no more blame-game. So man-up, Mr. President! Stop trying to weasel out of your responsibilities. While you tell us things like, “The private sector is doing fine.” – the truth is that it is not doing anything close to “fine.” To the contrary, our economy is on the verge of collapse! So either you are the most economically ignorant president ever or you are lying to us.

The following facts are limited to the economy, which is the major issue in this presidential campaign. Keep this in mind: Under President Obama, more Americans are now living in poverty and are receiving food stamps than at any time in our entire history. Also, the income of the average American household is now $4,000 less than when Obama took office.

59 well-documented facts Obama does not want you to know.

$3.81 – When Barack Obama entered the White House, the average price of a gallon of gasoline was $1.84. Today (8/27/2012), it is $3.81. (It has more than doubled.)

22% – It is hard to believe, but today the poverty rate for children living in the United States is a whopping 22 percent.

23 Shutdowns/day – According to U.S. Representative Betty Sutton, an average of 23 manufacturing facilities permanently shut down in the United States every single day during 2010.

30% plus – Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer. Today, that number is above 30 percent.

32% – The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.

35% – U.S. housing prices are now down a total of 35 percent from the peak of the housing bubble.

40 Months – The official U.S. unemployment rate has been above 8 percent for 40 months in a row.

42% – According to one survey, 42 percent of all American workers are currently living paycheck to paycheck.

48% – Shockingly, at this point 48 percent of all Americans are either considered to be “low income” or are living in poverty.

49.1% – Today, an astounding 49.1 percent of all Americans live in a home where at least one person receives benefits from the government.

60% – According to a recent Gallup poll, only 60 percent of all Americans say that they have enough money to live comfortably.

61% – At this point the Federal Reserve is essentially monetizing much of the U.S. national debt. For example, the Federal Reserve bought up approximately 61 percent of all government debt issued by the U.S. Treasury Department during 2011.

63% – One recent survey found that 63 percent of all Americans believe that the U.S. economic model is broken.

$6000 – If you can believe it, the median price of a home in Detroit is now just $6000.

$10,000 – According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

49,000 – In 2011, our trade deficit with China was more than 49,000 times larger than it was back in 1985.

$85,000 – According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

$175,587 – The Obama administration spent $175,587 to find out if cocaine causes Japanese quail to engage in sexually risky behavior.

$328,404 – Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars. That comes to $328,404 for each and every household in the United States.

440,00 – If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to totally pay it off.

500,000 – According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

2,000,000 – Family farms are being systematically wiped out of existence in the United States. According to the U.S. Department of Agriculture, the number of farms in the United States has fallen from about 6.8 million in 1935 to only about 2 million today.

$1,170,000,000,000 – China now holds approximately 1.17 trillion dollars of U.S. government debt. Yet the U.S. government continues to send them millions of dollars in foreign aid every year.

$5,000,000,000,000 – The U.S. national debt has risen by more than 5 trillion dollars since the day that Barack Obama first took office. In a little more than 3 years Obama has added more to the national debt than the first 41 presidents combined.

$5,000,000,000,000 – What the real U.S. budget deficit in 2011 would have been if the federal government had used generally accepted accounting principles.

$11,440,000,000,000 – The total amount of consumer debt in the United States.

Be alarmed or be stupid

I can hear it already: “Those Right Wing nuts are spreading fear again.” Listen fellow Americans, this is not about Left or Right. Please clear your brains of all rigid, ideological Mind Stink. We booted Hoover, a Republican, when we thought his policies weren’t working to give Roosevelt a chance. We booted Carter, a Democrat, for the same reason to give Reagan a chance. By all fair and rational standards, Obama’s policies are not working and our economy is headed for a catastrophic collapse. It is irrational to not be alarmed. And yes, it could, rationally, be called stupid.

A foolish consistency is the hobgoblin of little minds. Ralph Waldo Emerson